Commonwealth upgrades its loan packages for SMSF investors
Commonwealth Bank has upgraded its investment loan packages for self-managed super fund (SMSF) trustees, providing more flexibility to tailor their retirement portfolios.
The enhancements to its Protected Loan offering will allow investors to pay off their protection premium up-front as part of the interest rate and choose the gearing level that suits their risk-reward profile, giving them more control over their cash flows and allowing them to optimise the after-tax cost of the loan.
Suzanne Salter, Commonwealth head of structured investments, said Australians were increasingly likely to use superannuation gearing to rebuild their wealth in response to the reduction in the pre-tax contribution limits announced in the Federal Budget.
Enhancing their offering will help investors gain from the bank’s gearing solutions, Salter said.
The Protected Loan product is offered together with SuperGear, which is used for residential and commercial property investments.
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